LetFaster Tenant Screening
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Our parent company IDcheck specialises in cloud-based, automated Biometric Identity Screening, Fraud Detection & KYC-AML. Through our proprietary Facial Recognition, Liveness and Motion Detection algorithms we authenticate global identity documents, with advanced AI and OCR techniques. Secure Key-Based 2-Factor Authentication (2-FA) for all Registrations * The PIN is never stored or transmitted so it cannot be hacked * If a device is lost or stolen, the PIN would fail after a few incorrect attempts * A (malware) keylogger could not detect the PIN, as the PIN is entered onto a special keypad LetFaster: Innovation at its Core LetFaster, our PropTech division, combines Biometric Screening and Key-Based 2-Factor Authentication with fully automated Tenant Screening. Without specialist training, few would be able to detect fakes. If a "fake John Smith" passes an ID check, by impersonating the real person, all standard background checks would be performed on the "real John Smith". Therefore accurate identification becomes the cornerstone of screening. Key Benefits: * Cloud-Based Fully Automated Portals: Not an outsourced solution * Detect Internal and External Fraud * Enterprise-Level Internal Controls and Compliance Solutions * Automate Workflows: Operational Efficiencies and a scalable, reasonably priced platform * Low Cost Pre-Viewing Screening via OpenBanking: Biometric ID check, verify past rental payments, income and affordability: This is only suitable for rule out unsuitable tenants. * At the offer stage full screening is conducted, including automated Landlord, Employment, Guarantor References; Bank Account Validation; Credit, Insolvency, Sanctions and Barred Director checks * Flat-Fee, Real-Time Payments (via OpenBanking): avoid fail charges; allow for partial payments to help collect arrears; facilitate reconciliation with a unique reference number * Automated Set-Up: Offices/Properties/Buildings/Owners * Simple To Use: No Training Required * Audit Trail * Business Intelligence * No Forced Tie-Ups * No Significant Upfront Fees * Secure solution for automated key pick-up In Progress: Full Property Management Portal * Portfolio: View vacancies vs. units occupied. Monitor in-progress tenant screening * Fully automated Tenant Screening * Store and Handle Tenant Documentation/Contracts and view progression * Our prop e-signing product for significant cost savings * Automated communication between teams * Automated Land Registry Checks: for real estate sales and before onboarding landlords * Automated Compliance Module: EPC (Electricity) and Gas Certificates will automatically extract all relevant data with alerts sent 2 months prior to expiry dates * Basic Accounting * Online invoicing and payments with Automated Reporting * Maintenance: list contractors, repairs, allow tenants to place orders & automated alerts * User engagement: ability to send out surveys
Developer
LetFaster (a division of IDcheck)

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LetFaster Tenant Screening Plan

Pre-Viewing Screening: Lettings & Sales $ 3 per pre-viewing screening
Excellent for Pre-Viewings to rule out unsuitable tenants/buyers but cannot be used to confirm suitability. Contact us to discuss this topic in depth. Full screening is still required to determine suitability. Secure Key-Based 2-Factor Authentication for all registrations Biometric Identity Screening OpenBanking: Automated checks of rent payments, income and affordability Faster Turnaround & Cost Savings: Screen 10 for £30. Assume 6 are unsuitable, 4 view, 1 makes an offer. Spend £30 + 1 full screening and save roughly 12 hours on unsuitable applicants Increasing turnaround is crucial for non-exclusive listings
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